Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1887-07-07
TRADE FACTS.
An Abatement in Real Estate
Speculation in Certain
Places.
A Moderate Degree of Activity-Bank
Clearings First Six Months In
Four Years.
The Visible Supply of Grain-Recent
Wheat and Pork Corners General
Trade Gossip.

NEW York, July 3-From Omaha and
some of the other points come reports tnat
the real estate excitement has aDateo,
though prices are maintained and large
sums are being expended IN building, say
r. G. Dun & Co. 1t was estimated some
weeks ago, from returns at New YORK,
where the proportion of new buildings In
five months has been AL per cent TO the
assessed valuation of real estate, that the
sum thus invested throughout the country
must be very large. Official returns Tor
five months from thirty-five cities, or all
sizes, and in various parts of the country,
now show that the value of new buildings
in that time was 412 per cent OF the as
sessed valuation of all real estate there
in 1880, and the transfers OF property was
Is per cent. at all points, against "A
per cent at New York. These figures
would point to an expenditure in build
ings OF 81, 800, 0000 if the same
activity should last through the year, and
to transfers of 81, 800, 900, 900. Available has
been turned into fixed capital, largely m
railroad building, through returns disap-
point those who expect larger mileage
completed this year than in 1882. So far the
| mileage is 500 above that of last
year to date, but three hundred miles be-
low the completed work to date in 1880, 1881
or 1888, and $500 below the record of 1882
May and June returns exceed last year
but little. But the new securities listed at
the stock exchange this year already ex-
coed one hundred and thirty-two million
stock in and one hundred and thirty-three
million bonds, which in part accounts for
the hesitation in prices. General reports
are almost without exception satisfactory,
trade being good for the time of year, col
lections fair or better, and money in rea-
sonable supply at all interior points. The
disasters at Chicago and Cincinnati seem
to have had little effect elsewhere
BRADsTREET's REVIEW.
Special kilograms to BrddStreet's from
most of the leading business centers report
only moderate degree of activity except
at Kansas City and Chicago, where there
is an exceptionally brisk movement for
this time in the year. At the former the
excellent crop prospects in the region
tributary have stimulated larger business
with the interior, and at Chicago sales Of
dry goods, pig and manufactured iron and
steel have increased, with advances OF from
30 cents to 81 per 600 feet for lumber. At
Boston, too, there is an excellent tone to
general trade and a seasonable quantity Of
merchandise is moving. The improved
crop outlook in Southern Texas has helped
business ut Galveston. On the other hand,
the volume of trade at Cincinnati has been
curtailed since the financial disturbance
there, and there is less activity noticeable
ut st. Joseph. Leading money markets
have inclined to stringency with
advancing rates. Preparations for
making semi-annual disbursements
| at New York, Boston, Philadelphia, Chi
cago and other cities have contributed to
| this. The low condition of New York bank
reserves has had an added influence, as the
| tendency of Western banks to draw funds
| from the East has in no wise abated. Rates
| have been stiff at New York, and the mar
ket has been stringent at Boston. The call
| for funds on Chicago and Kansas City
| banks from the interior has increased.
Manipulation by the Gould party in connec-
| tion with ''deal'' in Manhattan and indi-
| cations Of further developments from the
same source in regard to the telegraph
properties keeps the New York stock mar
| ket in q sensitive and excited condition.
! Interest rates have been high, and the
money market has apparently been sub
| jected to artificial pressure, though the
| treasury anticipated the July interest pay
ments. 1t is thought that July disburse-
ments, amounting to some S75, O00, 900, will
! create better tone next week.
The totals of bank clearings for June and
and for six months for four years as speci-
ally wired to BrGdstrectS show substantial
| gain in 1887 over previous records. They
are as follows: June, 1887, 81, 49,, 1886, 734,
six months, SO, 500, 499, OO3; June, 1886, %,
9SO, 519,450. six months, S23, la, 259, SOC;
June 1885, 81, $50, 752, 942, six months, s17,-
"a. 0S7, 4S1; June, 1884, 50, 421, 1874, 0S9, six
months, $24, 645, 663, 1856.
| The regular quarterly visible supply of
grain shows 100000 bushels of wheat
east of the Rocky mountains, against Co.
| OOO,OOO bushels April 1, while official re-
ports say only 3S,O0O.O0O bushels. Indian
| corn stocks aggregate $4,000, 900, against
| 49, OOO, 600 bushels three months ago. Wheat
-four stocks at the leading points of accu-
mutation exceed L. lie, 600 barrels or 100, OOO
| barrels less than on April l.
| New York INDUCED in a wheat corner of
| its own last week, the June option having
been pushed to S1.07 per bushel, owing to the
unguarded and heavy short interest out
standing. Wall street houses. grain brok
ers and reporters are reported to have been
! interested. Drought Is reported in Wis
consin, but favoring prospects prevail fur
Their west and southwest. At Chicago
shipments of grain have been liberal
and receipts very light. 1t is believed thai
would be delivered, the regular carrier.
| getting most of it. During June IL, 449 cars
of grain were inspected there.
Cotton is 3-16 cents higher on a strons
statistical position and an outlook for {
squeeze in July and August. Tobacco a
New York is from a to l cent higher fol
the week, and from to 3 cents higher fol
the month, with trade unusually active
Reduced acreage, dry weather and compe
tition favors sellers at Louisville.
Wool prices at the East are firm, but &C
tive distribution to factories has not begun
yet Importations of wool help to checl
any advance. Sales of dry goods at East
ern markets last month exceed the total fo
June, 1886, but trade is now quiet. The ex
port trade is active.
There were about 10000 industrial EN-
ployes who struck during June against IS,
900 in May and 16, 900 in June, 1885,
There were 176 failures in the Unite,
States reported to Bradstreet's during tn
week. against 141 m the previous week an,
49,, 1S4, 153 and 1853 and 165 in the CORES